Bitmain CEO Jihan Wu resigns from Board of Directors before IPO

Bitmain is the largest Bitcoin Mining Company and is restructuring their Board of Director before they complete their IPO. Jihan Wu, CEO of Bitmain, has recently came out and announced he will resign from the Board of Directors and lose voting powers of the company. The reasons are unclear why but many suspect it is due to the IPO and new responsibilities due to the offering. Bitmain made news recently by announcing it will go public on the Stock Exchange of Hong Kong.